Make sure you understand your insurance policy on the home.

You must then find a team in the field with feet on the ground in the area you wish to target to insure you are buying right. 

Living in a Multi-Family house and renting out the other units or apartments to pay the Mortgage, Taxes, Insurance, and all your other bills.

That's a good Q because I'm wondering if CoCROI takes into consideration paying cash for closing costs, property taxes, insurance, etc. as well as rehab/upgrades?

Here are the numbers that we were working with:Purchase price - $77,500Interest Rate - 5.25%Month mortgage, taxes, and insurance - $579Monthly Rent - $1,000Monthly profit - $421The house is in good condition.

You could have a Title Company provide a Title Insurance Policy to see what they say.

For example paying the insurance, the mortgage, the trash, etc.

Who do you recommend for your E&O insurance and contractors liability insurance? 

Till then adequate insurance and minimum equity in your properties is enough.LLCs will make it more difficultt to acquire financing.

but I live in Denver and I am not making money on the Fla income property due to all the flood, hurricane, wind, commercial insurances, taxes, property manager, etc.